You\’ll have heard much about \”gold-plated\” public sector pensions this week, but can you guess the discrete group of public sector employees whose pensions are not so much gold-plated, or even platinum-plated, as rhodium-plated – metaphorically clad in Earth\’s most precious metal?
Rhodium is a precious metal, yes. But \”precious metal\” has a meaning beyond expensive, it means, roughly, gold, silver and the platinum group metals (platinum, palladium, rhodium, iridium and for some extends to ruthenium etc as well).
But in the sense that Our Marina is using it there, precious as expensive, rhodium at $1,600 a troy ounce isn\’t even the most precious of precious metals: platinum is at $1,750.
And they\’re not even the most expensive metals either. There are people who happily pay $3,000 an ounce for scandium for example (alright, not very many (umm, maybe three globally) and that\’s a manufactured product, not just the bulk metal, but still…..)